We buy houses in Youngsville, North Carolina. When buying investment property, do you know which repairs can be overlooked? What can you fix on your own? And, what can be overlooked altogether? No matter what, you’ll need to maintain a safe and livable environment for your tenants to promote tenant retention and reduce vacancy. Learn about the repairs you should overlook as well as the ones you shouldn’t here in our latest post.
As professional homebuyers in Youngsville NC and real estate investors who offer cash for houses in Youngsville, North Carolina, it is important to know what to look for when buying an investment property. Which properties pose a production of the most profit? Which will cost the most to repair? Which repairs can be overlooked? When creating your cost analysis, be sure to take note of which repairs can be overlooked or postponed until a later date.
Sure, having an ugly building isn’t going to attract many renters. But, cosmetic repairs can be fixed over time and not all have to be done up front. You can go ahead and overlook things like ugly paint, old carpet, dated decor, or an ugly exterior. Things types of things can be easily fixed over the course of a weekend and with a little elbow grease.
This falls under the cosmetic category, but we have seen people turn away from homes again and again because something is outdated. Maybe it is the window treatments, or the mirrored wall, or the tacky wallpaper, but whatever it is can usually be changed at a relatively low cost. Styles change, but as long as the structure of the home is in good shape, everything else can be modified and overlooked.
Some Cleanliness Issues
If a house should come with a hazmat sign, it’s best to stay clear. But, if a house just needs a good cleaning, it might be worth giving a second look. A stained and dirty grout can immediately make you think the house is moldy or filthy, but that is not necessarily the case.
That said, nobody wants to buy a house of filth. There is always something else on the market. If the house is borderline disgusting, it is probably in your best interest to move on. If they couldn’t clean, they probably weren’t performing maintenance for the home. Plus, there are very likely going to be pests found somewhere within the home.
Loose fixtures can give the impression that things are old and worn out. But, always keep in mind that a wobbly railing can always be tightened, as can a loose sink knob or cabinet handle.
Some Heating and Air Issues
Air conditioning and heating units can be very costly to replace. However, many repairs are done at very low costs. Before passing on a house because of a heating or cooling problem, find out exactly what’s wrong to determine if you should move on or make an offer.
Old cabinets can be refinished or repainted rather easily. Adding new fixtures to the cabinets, including knobs, handles, and hinges, can give old cabinets an entirely new look. As long as the cabinets are functioning and in good shape, everything else can be taken care of. And, if you still aren’t fond of them, they are always something that can be replaced down the road.
When buying an investment property, never overlook structural issues, a bad roof, drainage problems, or a sinking foundation. These types of repairs can be incredibly costly to fix and may end up costing you much more than you had anticipated.
Sell My House in Youngsville NC
To avoid having to do these sorts of inspections in the first place, make sure you are buying your Youngsville NC investment property from a source you can trust. The Inspiring Investment always has an inventory of high-quality properties readily available. Like you, we are investors and reputable Youngsville NC home buyers looking for only the highest-quality properties at the best prices. Whether you want to sell your house in Youngsville NC or purchase from a distressed property owner, make sure you are dealing with a trusted source to have everything thoroughly inspected, utilizing specialty inspections whenever you deem necessary. Spending a little extra time and money before you buy can help save you a fortune down the road!